In early August, when Bitcoin and Ethereum had not yet taken off, some altcoins were surging ahead, such as MYX, VINE, SPK, etc. I have also participated in these coins!
Everyone can observe that in the past few days, while Bitcoin and Ethereum were surging and making up for losses, there were actually fewer altcoins that had surged like before. This is the principle of sector rotation, which means capital rotation; it requires buying power to support the rise in coin prices!
The next opportunity to pay attention to is that once Bitcoin and Ethereum consolidate sideways, it will be the time for altcoins to take off. So it's best to hold onto the good coins you have and for those who don't have positions, focus on low-entry ambushes!
Currently, it’s not retail investors driving the market, but institutions. Therefore, selecting altcoins must be done with great care, and it only makes sense to capture those that can continue to strengthen!
